Salvation on its way finally!, page-75

Grab, I agree. JB in his stock selection and methodology of the fund, tried to hedge his bets on absolutely everything, and in the process made the fund so “hedged” with shorts and longs, and poor stock selection, that it virtually had no chance of making any significant gain (or loss). It just provided him a plaything and fees for doing so. Pity they hadn’t done an 80% buyback, instead of a 20% buyback.
Re your comment about the shorts, pick the right short and the most you can make if it goes to zero is 100%. Pick a good long stock, and you can get a multi bagger. It doesn’t look like, JB did either !?